Industry - Country Industry Forecasts - Germany
Description
German industrial output data continue to underwhelm and disappoint. Industrial production unexpectedly plummeted in August to the lowest level since 2020, defying our previous prediction that output had bottomed out. However, we attribute this one-month drop, which subsequent months’ recovery have partially reversed, to temporary factors related to automotive production halts, rather than a signal that output is set to continue falling.
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30 Pages
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